Why is India Cem. Cap. falling/rising?

As of 24-Jun, India Cements Capital Ltd is experiencing a price increase, currently at 19.12, reflecting a change of 0.91 or 5.0% upward. The stock has shown strong performance recently, gaining 27.47% over the past week and outperforming its sector by 4.08% today. It has been on a consecutive gain streak for the last five days, with returns of 26.46% over the past month. However, despite these positive movements, there are concerns regarding the company's long-term fundamentals, as it has reported operating losses and a weak growth rate in net sales and operating profit. The stock's valuation is considered expensive compared to its peers, with a price-to-book value of 2.3, and its profits have significantly declined by 63.8% over the past year.
In the broader market context, the stock's short-term performance is notably strong compared to the benchmark Sensex, which has only increased by 0.58% over the past week. While India Cements Capital Ltd has outperformed the benchmark in the short term, it has lagged behind in longer-term returns, with a year-to-date return of 2.30% compared to the Sensex's 5.01%. This disparity highlights the stock's recent volatility and investor sentiment, which may be influenced by its inconsistent long-term performance and the falling investor participation indicated by a significant drop in delivery volume.